It would be interesting to see an overview of how the pay gap here between the salaries of our executives and the employees grew over the years..... I think the gap has never been bigger than it is now and what's worst, I don't think it will be reduced in the near future. They definitely take us for granted. It's a shame we have to beg for adequate compensation.
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I wonder how much bagels lawsuits are costing dxc based on his cognizant track record
Michael J. Salvino, Chief Executive Officer, received $29M in total, which increased by 32% compared to 2021. 87% of Salvino's compensation, or $25M, was in stock awards. Salvino also received $2M in non-equity incentive plan, $1.4M in salary, as well as $239K in other compensation.
For fiscal year 2022, the median employee pay was $44,156 at DXC Technology Co. Therefore, the ratio of Michael J. Salvino's pay to the median employee pay was 650 to one.
Kenneth P. Sharp, Chief Financial Officer, received a compensation package of $6.2M, which increased by 112% compared to previous year. 79% of the compensation package, or $4.9M, was in stock awards.
Mary E. Finch, Chief Human Resources Officer, earned $5M in 2022, a 10% decrease compared to previous year.
William L. Deckelman, Jr, General Counsel, received $4.2M in 2022, which increases by 11% compared to 2021.
Vinod Bagal, Executive Vice President, Global Delivery, earned $3.9M in 2022, a 13% decrease compared to previous year.
"nadella, pichai, musk they make money and grow their companies"
This. A great CEO is focused on growth and the long-term success of the organisation that they lead. A poor CEO is in a permanent short-term mode, focusing only on how to keep the current quarter looking good regardless of long-term impact.
Mike L and Shouty have only ever focused on the immediate quarter. Their idea of long-term is to maybe think about the next quarter as well as the current quarter. This does not create a sustainable business - it creates DXC as it is today.
Even a great CEO with long-term vision may occasionally have to make precisely targeted cuts. They'll be reluctant to do this, as it is generally not good for their organisation's stability. But DXC has been running with untargeted cuts for several years, to the point where it's becoming unviable as a business.
So it's clear that DXC hasn't had a great CEO in a very long time. Great CEOs are worth multiple millions in salary. Poor CEOs are not. Guess which type Shouty is?
Load of cr-p.
nadella, pichai, musk they make money and grow their companies.
DXC lot they can't even give raises because apparently they don't make enough money.
So there's execs and low class incompetent execs like DXC.
So don't compare apples with oranges.
The gap reflects the responsibility and skill differences. There is similar differences in pay when you compare bezos, nadella, pichai, musk and their respective employees. Train and educate yourself and look for a lucrative job. But alas, half the people here have forgotten how to do real technology work.
The employees pay raise is given to Mike and co.
So the gap is wider every year.
It's going to get wider as the quarter Mike and execs gets their raises its financially engineered to be a good quarter.
And the time when staff are due raises they will publish low profits.
Then they will come out with bull like the margins need to be double digits.
Why did the execs take their raises when the margins weren't double digits.
Clear daylight robbery and bull.
You don't need to guess. Look in the published yearly documents.